KENTUCKY HOSPITAL ASSOCIATION

EIN: 610574577

LOUISVILLE, KY

Total Revenue
$37,655,065
Total Expenses
$13,289,461
Total Assets
$90,239,423
Net Assets
$86,852,236
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
KY
Principal Officer
NANCY GALVAGNI
Phone
5024266220
Tax Period
2024-07-01 to 2025-06-30

KENTUCKY HOSPITAL ASSOCIATION, founded in 1954, is a mid-sized nonprofit that reported $37.7M in total revenue in fiscal year 2024. The organization ran a surplus of $24.4M, a strong 65% operating margin.

Mission

REPRESENT AND PROVIDE SERVICES TO KY HOSPITALS THAT ARE ACCOUNTABLE AND ORIENTED TO THE COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $34,125,003
Investment Income $1,731,212
Other Revenue $1,798,850
TOTAL REVENUE $37,655,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,967,929
Fundraising Expenses $0
Other Expenses $6,321,532
TOTAL EXPENSES $13,289,461

Year-over-Year Comparison

2024 2023 Change
Revenue $37,655,065 $35,671,706 +0.1%
Expenses $13,289,461 $18,694,978 -0.3%
Net Income $24,365,604 $16,976,728 +0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
27
Independent Members
26
Employees
41
Volunteers
27

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,508,968
Total Directors
29
$1,221,497
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY GALVAGNI PRESIDENT 32.40
Officer Director
$1,172,394 $35,503 $1,207,897
GERARD COLMAN CHAIR 1.00
Officer Director
$500 $0 $700
MIKE SHERROD PAST CHAIR 1.00
Officer Director
$500 $0 $900
MARK BIRDWHISTELL TREASURER 1.00
Officer Director
$500 $0 $600
HOLLIE HARRIS PHILLIPS DIRECTOR 0.30
Director
$500 $0 $700
CLINT KAHO DIRECTOR 0.30
Director
$500 $0 $700
CHRISTY SPITSER DIRECTOR (THRU 2/2025) 0.30
Director
$500 $0 $500
MATT GRIMSHAW DIRECTOR (FROM 2/2025) 0.30
Director
$0 $0 $0
WILLIAM HAUGH DIRECTOR 0.30
Director
$500 $0 $500
STEVEN HESTER DIRECTOR 0.30
Director
$500 $0 $500
GARREN COLVIN DIRECTOR 0.30
Director
$500 $0 $500
SARA MARKS DIRECTOR 0.30
Director
$500 $0 $500
KEN MARSHALL DIRECTOR 0.30
Director
$500 $0 $500
DONOVAN BLACKBURN DIRECTOR 0.30
Director
$500 $0 $600
ASHLEY HERRINGTON DIRECTOR 0.30
Director
$500 $0 $800
TOM MILLER DIRECTOR 0.30
Director
$500 $0 $500
NEIL THORNBURY DIRECTOR (FROM 11/2024) 0.30
Director
$0 $0 $0
MIKE YUNGMANN DIRECTOR 0.30
Director
$500 $0 $500
DONALD LLOYD DIRECTOR 0.30
Director
$500 $0 $600
REBA CELSOR DIRECTOR 0.30
Director
$500 $0 $500
DAN MCKAY DIRECTOR 0.30
Director
$500 $0 $500
JOE MURRELL DIRECTOR (FROM 11/2024) 0.30
Director
$0 $0 $0
MATTHEW AYERS DIRECTOR 0.30
Director
$500 $0 $500
ANDREA MCLERRAN DIRECTOR 0.30
Director
$500 $0 $500
DAN GOULSON DIRECTOR 0.30
Director
$500 $0 $500
ROBERT DESOTELLE DIRECTOR 0.30
Director
$500 $0 $500
MATT OURS DIRECTOR (THRU 4/2025) 0.30
Director
$500 $0 $500
BRAD LINCKS DIRECTOR (FROM 4/2025) 0.30
Director
$0 $0 $0
KATHY STUMBO DIRECTOR 0.30
Director
$500 $0 $500
APRIL SMITH CHIEF FINANCIAL OFFICER 22.20
Officer
$280,387 $18,484 $298,871
JAMES MUSSER SVP, POLICY/GOVERNMENT RELATIONS 40.00
Highest
$368,924 $31,017 $399,941
HAROLD WARMAN VP, BUSINESS DEVELOPMENT/MEMBER RELATIONS 30.00
Highest
$262,190 $25,123 $287,313
MELANIE LANDRUM SVP, DATA/OPERATIONS/INNOVATION 34.40
Highest
$256,854 $30,274 $287,128
DEBORAH CAMPBELL VP, CLINICAL STRATEGY & TRANSFORMATION 9.00
Highest
$244,058 $24,429 $268,487
TRAVIS BURTON AVP, STATE GOVERNMENT AFFAIRS 40.00
Highest
$199,506 $21,641 $221,147
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $37,655,065 $13,289,461 $90,239,423 $24,365,604
2024 No data No data No data No data
2023 $21,881,762 $13,624,010 $45,175,360 $8,257,752
2022 $18,918,152 $10,893,646 $39,246,700 $8,024,506
2022 $18,918,152 $10,893,646 $39,246,700 $8,024,506
2021 $12,702,880 $5,854,304 $31,664,606 $6,848,576
2020 $7,583,754 $6,498,367 $21,127,354 $1,085,387
2019 $7,395,067 $7,176,249 $20,222,825 $218,818
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare KENTUCKY HOSPITAL ASSOCIATION with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.